Sri Lanka's NITF to pay Rs.50mn advance to two bombed hotels
Apr 24, 2019 16:53 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Sri Lanka's state-owned National Insurance Trust Fund will pay 25 million rupees each in advance insurance claims to The Kingsbury and Cinnamon Grand Hotels following the Easter Sunday bombings, a top official said.
"We have yet to do assessments on the full extent of the damage," NITF Chairman Manjula de Silva said.
"We will be paying 25 million rupees each as an advance to two hotels," he said.
The local luxury hotels Cinnamon Grand and The Kingsbury will receive the advances, he said.
The NITF operates the Strike, Riot, Civil Commotion & Terrorism insurance fund.
Shangri-La Colombo, part of an international chain, which was the third luxury hotel that was targeted in the bombings, is covered under a global policy, de Silva said.
The Easter Bombings targeted three luxury hotels and three churches, killing over 350 people, and wounding over 500.
Among the dead were 39 foreigners, while 28 were wounded.
The government has pledged to rebuild the churches. (Colombo/Apr24/2019-SB)